Trade between Iran and the Economic Cooperation Organization’s member states reached 26.8 million tons worth $18.08 billion during the last Iranian year’s first 11 months (March 21, 2022-Feb. 19), registering a 7.88% fall in terms of weight, but a 19.67% rise in value compared with the previous year’s corresponding period, latest data released by the Islamic Republic of Iran Customs Administration show.
Turkey was Iran’s main trade partner among the countries under review with 16.54 million tons (down 11.92%) worth $12.5 billion (up 21.24%). It was followed by Pakistan with 3.85 million tons (up 32.46%) worth $2.08 billion (up 51.44%) and Afghanistan with 3.08 million tons (down 19.95%) worth $1.5 billion (down 9.78%).
Iran’s exports to ECO members reached 22.38 million tons worth $11.36 billion during the 11 months ending Feb. 19, registering a 10.56% decline in terms of weight, but a 15.13% year-on-year increase in terms of weight and value, respectively.
Turkey with 13.21 million tons (down 13.61%) worth $6.9 billion (up 23.01%), Afghanistan with 3.06 million tons (down 20.31%) worth $1.48 billion (down 10.8%) and Pakistan with 3.16 million tons (up 20.19%) worth $1.31 billion (up 16.39%) were the top export destinations.
Turkey was Iran’s main trade partner among the countries under review with 16.54 million tons (down 11.92%) worth $12.5 billion (up 21.24%)
Imports hit 4.41 million tons worth $6.71 billion during the period, registering an 8.81% and a 28.21% growth in terms of weight and value, respectively.
Turkey was also the main exporter to Iran with 3.32 million tons (down 4.19%) worth $5.59 billion (up 19.14%). It was followed by Pakistan with 693,463 tons (up 155.24%) worth $774.63 million (up 207.91%) and Kazakhstan with 265,089 tons worth $119.26 million.
Trade between Iran and ECO surged by 43% to stand at 30.87 million tons worth $16.79 in the fiscal 2021-22. Iran’s exports stood at 26.42 million tons worth $10.85 billion while imports from ECO members hit 4.45 million tons worth $5.94 billion.
The Economic Cooperation Organization is an Asian political and economic intergovernmental organization, which was founded in 1985 in Tehran by the leaders of Iran, Pakistan and Turkey. It provides a platform to explore ways of improving development and promoting trade and investment opportunities.
The first meeting of the Economic Cooperation Organization's Permanent Representative Council in 2023 was held in Tehran on Jan. 11.
"Within the framework of Azerbaijan's chairmanship of the Economic Cooperation Organization in 2023, the first meeting of the organization's Permanent Representative Council for 2023 was held in Tehran," Azerbaijan’s Embassy in Iran wrote on its Twitter page.
